Image default
Bitcoin

Bitcoin Whale Activity Is Sending a Bullish Signal for BTC, Says deVere Group CEO Nigel Green – Here’s Why

The CEO of monetary advisory big deVere Group, Nigel Green, says that current exercise by Bitcoin (BTC) whales is making him bullish on the flagship crypto asset.

According to Green, one of many reasons he’s bullish is that Bitcoin whales might be making ready to leap again into the market after a interval of promoting.

“One cause is that I’m ‘whale watching.’ Whales are traders who’re big crypto holders, holding sufficient belongings to have the potential to maneuver forex valuations.

In current weeks, whales have been promoting which has the impact of bringing down the market price as others get spooked and panic-sell.  This then permits the massive gamers to purchase again extra, and cheaper, down the observe.

I sense that they’re making ready to make their strikes to purchase and top-up their holdings within the coming weeks.”

The deVere Group CEO says that over the previous 4 weeks, the variety of Bitcoin whale addresses has elevated.

“Also, there’s other noticeable whale activity taking place. The number of new wallets holding between 10,000 and 100,000 Bitcoins has jumped by 103 in the last 30 days.”

According to Green, Bitcoin and different main crypto belongings are at the moment promoting at a low cost and possess upside potential.

“Despite the recent turbulence, I believe that the trajectory of Bitcoin and other major cryptos is upwards. This is why I view the current dip as a discount.”

Bitcoin is buying and selling at $21,300 at time of writing, up by almost 10% over the previous 24 hours.

Don’t Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl will not be funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any loses chances are you’ll incur are your accountability. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please observe that The Daily Hodl participates in affiliate internet marketing.

Featured Image: Shutterstock/HUT Design

Related posts

Tether CTO Paolo Ardoino Says El Salvador’s ‘Volcano Bond’ Establishes New Way for Countries To Raise Money

Crypto Advisor

Trader Who Accurately Predicted Massive Bitcoin Crash Issues Alert As Crypto Markets Pop

Crypto Advisor

Crypto Analyst Says Ethereum (ETH) About To Witness Huge Correction As Fed Stays Hawkish

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 18,648.81 2.08%
ethereum
Ethereum (ETH) $ 1,261.50 6.15%
tether
Tether (USDT) $ 1.00 0.03%
usd-coin
USD Coin (USDC) $ 1.00 0.10%
bnb
BNB (BNB) $ 265.87 0.73%
binance-usd
Binance USD (BUSD) $ 1.00 0.09%
cardano
Cardano (ADA) $ 0.441848 3.70%
xrp
XRP (XRP) $ 0.402907 1.22%
polkadot
Polkadot (DOT) $ 6.23 1.74%
solana
Solana (SOL) $ 31.01 2.67%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 1.24%
dogecoin
Dogecoin (DOGE) $ 0.057585 3.47%
staked-ether
Lido Staked Ether (STETH) $ 1,252.14 6.12%
matic-network
Polygon (MATIC) $ 0.719096 3.13%
tron
TRON (TRX) $ 0.059177 1.50%
dai
Dai (DAI) $ 1.00 0.06%
avalanche-2
Avalanche (AVAX) $ 16.73 0.83%
ethereum-classic
Ethereum Classic (ETC) $ 28.11 4.28%
leo-token
LEO Token (LEO) $ 4.47 7.31%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 18,629.67 2.05%
uniswap
Uniswap (UNI) $ 5.57 3.30%
litecoin
Litecoin (LTC) $ 51.80 1.62%
cosmos
Cosmos Hub (ATOM) $ 13.64 1.95%
okb
OKB (OKB) $ 14.63 2.24%
ftx-token
FTX (FTT) $ 22.96 2.62%
terra-luna
Terra Luna Classic (LUNC) $ 0.000283 5.44%
near
NEAR Protocol (NEAR) $ 3.70 4.54%
chainlink
Chainlink (LINK) $ 6.76 2.93%
crypto-com-chain
Cronos (CRO) $ 0.10383 0.67%
monero
Monero (XMR) $ 136.63 4.49%
stellar
Stellar (XLM) $ 0.112203 3.53%
bitcoin-cash
Bitcoin Cash (BCH) $ 110.63 2.48%
algorand
Algorand (ALGO) $ 0.351044 7.80%
flow
Flow (FLOW) $ 1.65 2.38%
vechain
VeChain (VET) $ 0.022102 3.29%
eos
EOS (EOS) $ 1.19 11.64%
internet-computer
Internet Computer (ICP) $ 5.96 0.12%
filecoin
Filecoin (FIL) $ 5.33 0.38%
chain-2
Chain (XCN) $ 0.067304 2.03%
frax
Frax (FRAX) $ 0.999066 0.03%
hedera-hashgraph
Hedera (HBAR) $ 0.057553 0.89%
decentraland
Decentraland (MANA) $ 0.692297 3.03%
apecoin
ApeCoin (APE) $ 5.86 1.17%
the-sandbox
The Sandbox (SAND) $ 0.825441 3.48%
tezos
Tezos (XTZ) $ 1.43 3.25%
quant-network
Quant (QNT) $ 103.36 0.58%
axie-infinity
Axie Infinity (AXS) $ 11.88 4.67%
aave
Aave (AAVE) $ 73.73 2.04%
lido-dao
Lido DAO (LDO) $ 1.83 0.73%
elrond-erd-2
Elrond (EGLD) $ 46.52 3.28%
theta-token
Theta Network (THETA) $ 1.04 0.68%
true-usd
TrueUSD (TUSD) $ 1.00 0.13%
chiliz
Chiliz (CHZ) $ 0.241502 3.67%
bitcoin-sv
Bitcoin SV (BSV) $ 47.84 2.56%
compound-usd-coin
cUSDC (CUSDC) $ 0.022675 0.10%
paxos-standard
Pax Dollar (USDP) $ 1.00 0.32%
kucoin-shares
KuCoin (KCS) $ 8.75 2.56%
bittorrent
BitTorrent (BTT) $ 0.00000077456253 1.35%
ecash
eCash (XEC) $ 0.000039 3.11%
the-graph
The Graph (GRT) $ 0.096747 1.29%
iota
IOTA (MIOTA) $ 0.25519 3.49%
zcash
Zcash (ZEC) $ 54.35 0.43%
huobi-btc
Huobi BTC (HBTC) $ 18,485.25 3.13%
usdd
USDD (USDD) $ 1.00 0.02%
huobi-token
Huobi (HT) $ 4.46 2.50%
evmos
Evmos (EVMOS) $ 2.42 3.51%
havven
Synthetix Network (SNX) $ 2.35 0.86%
cdai
cDAI (CDAI) $ 0.022088 0.08%
maker
Maker (MKR) $ 607.50 0.24%
bitdao
BitDAO (BIT) $ 0.47798 3.22%
klay-token
Klaytn (KLAY) $ 0.203441 1.15%
neutrino
Neutrino USD (USDN) $ 0.960093 2.51%
fantom
Fantom (FTM) $ 0.224093 2.07%
compound-ether
cETH (CETH) $ 25.26 5.47%
neo
NEO (NEO) $ 8.18 2.68%
helium
Helium (HNT) $ 4.79 0.08%
gatechain-token
Gate (GT) $ 4.16 0.62%
defichain
DeFiChain (DFI) $ 0.803258 2.85%
radix
Radix (XRD) $ 0.056772 0.67%
celsius-degree-token
Celsius Network (CEL) $ 1.57 8.40%
pax-gold
PAX Gold (PAXG) $ 1,655.80 0.26%
pancakeswap-token
PancakeSwap (CAKE) $ 4.26 2.89%
thorchain
THORChain (RUNE) $ 1.58 2.78%
osmosis
Osmosis (OSMO) $ 1.19 3.74%
zilliqa
Zilliqa (ZIL) $ 0.031607 1.58%
enjincoin
Enjin Coin (ENJ) $ 0.46191 3.44%
nexo
NEXO (NEXO) $ 0.883466 0.20%
arweave
Arweave (AR) $ 9.40 2.45%